LG to Invest $ 9 Billion in OLED-Displays

11/27/2015

The Korean manufacturer of consumer electronics LG plans to invest 10 trillion won ($ 8.7 billion) in building a new plant for OLED-displays production. This may be caused by a possible Apple's transition to this type of screens in 2018, as it was previously reported by the media.

The Korean company LG Electronics Inc. plans to invest 10 trillion won (about $ 8.7 billion) in production of OLED-displays, reports Reuters. In particular, the manufacturer of consumer electronics is going to invest $ 1.6 billion in construction of a new plant in the city of Paju.

OLED-displays are based on organic LEDs and superior technical characteristics of LCD and plasma monitors. LG plans to use them in all segments of its product: from wide screens for televisions to flexible panels for smartphones and other mobile devices.

It is expected that production of new displays will start by mid-2018. By the way, the American corporation Apple may move to OLED-displays the same year, as previously reported by Japanese newspaper Nikkei. According to sources of publication, the Cupertino-based company has already notified their suppliers. Now the company's main product iPhone is equipped with an LCD-display, as it was with advent of the very first US smartphone maker. All these years, mainly Sharp and Japan Display delivered the displays. Such a power balance among suppliers may be outweigh by shift to the OLED-screens: allegedly place of main Apple’s partners in this segment will be taken by the South Korean manufacturers - Samsung Electronics and LG.